Russian Prime Minister Dmitry Medvedev warned on Tuesday that the country’s economy is at risk of sliding into “deep recession” next year.
Medvedev, speaking at a United Russia party meeting, said the government will not back away from its spending plans, otherwise, the country’s economy could nosedive.
Economists have in previous weeks predicted that Russia’s energy-dependent economy will experience serious economic decline in 2015.
Chris Weafer, a senior partner at Macro-Advisory Ltd, an economic and financial consulting firm in Moscow, told Mashable "a recession in 2015 is unavoidable." Read more...
More about Russia, Economy, Business, World, and U.S. World
